Former Federal Reserve Chairman Paul Volcker is calling for a reshaping of the U.S. financial oversight regime, which he says is splintered and ineffective. A public policy group led by Volcker issued a report Monday on the regulation of banks and Wall Street. It ...

The Federal Reserve was split at its last policy meeting on when to raise ultra-low U.S. interest rates, with timing ranging from June to 2016, according to minutes released Wednesday. “Several participants judged that the economic data and outlook were likely to warrant beginning ...

The Federal Reserve dropped an assurance it will be “patient” in raising interest rates, ending an era in its communications policy and opening the door for higher borrowing costs as early as June. “An increase in the target range for the federal funds rate ...

The 31 largest banks in the United States passed the first phase of regulatory stress tests, the Federal Reserve announced Thursday. But the three leading investment banks Goldman Sachs, JPMorgan Chase and Morgan Stanley were among the worst performers, mainly because of their greater ...

After unemployment and deflation, Federal Reserve Chair Janet Yellen finds herself in her toughest battle yet, fighting a push by Congress to assert itself over monetary policy. Newly in control of both houses on Capitol Hill, Republicans accuse the Fed of misguided policies and ...

A blowout jobs report has changed the calculus for investors for what the Federal Reserve might do in coming months, resetting expectations for how markets might behave if the U.S. economy continues to strengthen even as global growth lags. Strong job market growth, along ...

More Americans purchased homes in December, yet total sales slipped in 2014 as first-time buyers struggled to find houses. The National Association of Realtors said Friday that sales of existing homes rose 2.4 percent last month to a seasonally adjusted annual rate of 5.04 ...

Major insurer MetLife Inc. says U.S. regulators have labeled it as a potential threat to the financial system, a designation that brings stricter government oversight. MetLife said Thursday that the Financial Stability Oversight Council has designated the company as “systemically important.” As a result, ...

A resurgence in U.S. hiring accelerated in November and put 2014 on track to be the healthiest year for job growth since 1999. The gain of a robust 321,000 jobs — the most in nearly three years — put further distance between a strengthening ...